Shares of Manappuram Finance Ltd., the gold loan financing company will be in focus on Thursday, January 9, after the company’s unit Asirvad Micro Finance was granted relief by the Reserve Bank of India on Wednesday.

India’s central bank lifted sanctions on the disbursals of loans on Asirvad that were imposed in October last year. The restrictions were imposed after concerns over the pricing policies of the company. The restrictions are now lifted after submissions were made to the RBI, committing adherence to regulatory guidelines.

Manappuram had acquired Asirvad in 2015. The unit contributes 25% to Manappuram’s overall Assets Under Management (AUM).

However, the stock of Manappuram Finance is currently in the Futures & Options (F&O) ban, which means no new positions can be created on the stock. The stock has been in the ban for most parts of the December and January F&O series.

Interestingly, Manappuram’s closing price of ₹180 is the same as of October 16 last year, a day before the restrictions were placed on Asirvad. The stock fell over 13% on October 18 and went on to make a low of ₹138.35 on October 23, before recovering the losses. The stock had made a high of ₹192.9 on January 2.

Shares of Manappuram Finance had ended 1.7% lower on Wednesday, in-line with the sharp fall seen in the broader markets. The stock also saw Open Interest reduction on Wednesday, which means unwinding of long positions took place in the stock. A fall in both price and Open Interest indicates long unwinding.

Shares of Manappuram have gained only 2% in the last 12 months, underperforming its peer Muthoot Finance, which is up 47% during the same period.